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Environmentalists Propose $50 Billion Buy Out of Coal Industry - to Shut it Down

cartechboy (2660665) writes | about 5 months ago

0

cartechboy (2660665) writes "What's $50 billion among friends, right? At least Felix Kramer and Gil Friend are thinking big, so there is that. The pair have published an somewhat audacious proposal to spend $50 billion dollars to buy up and then shut down every single private and public coal company operating in the United States. The scientific benefits: eliminating acid rain, airborne emissions, etc). The shutdown proposal includes the costs of retraining for the approximately 87,000 coal-industry workers who would lose their jobs over the proposed 10-year phaseout of coal. Since Kramer and Friend don't have $50 billion bucks, they suggest the concept could be funded as a public service and if governments can't do it maybe some rich guys can — and the names Gates, Buffett and Bloomberg come up. Any takers?"

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